Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) Short Interest Update

Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 40,400 shares, a drop of 56.3% from the March 31st total of 92,400 shares. Based on an average daily volume of 224,000 shares, the short-interest ratio is currently 0.2 days.

Virtus Dividend, Interest & Premium Strategy Fund Price Performance

NYSE:NFJ traded down $0.05 during trading hours on Monday, hitting $11.48. 52,650 shares of the company’s stock traded hands, compared to its average volume of 209,698. The business’s fifty day simple moving average is $11.92 and its two-hundred day simple moving average is $12.52. Virtus Dividend, Interest & Premium Strategy Fund has a 52 week low of $10.02 and a 52 week high of $13.30.

Virtus Dividend, Interest & Premium Strategy Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Investors Weigh In On Virtus Dividend, Interest & Premium Strategy Fund

Hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. lifted its holdings in shares of Virtus Dividend, Interest & Premium Strategy Fund by 10.5% during the 4th quarter. Saba Capital Management L.P. now owns 8,165,612 shares of the investment management company’s stock worth $103,132,000 after acquiring an additional 777,052 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Virtus Dividend, Interest & Premium Strategy Fund during the 4th quarter valued at $8,491,000. Capstone Investment Advisors LLC boosted its stake in shares of Virtus Dividend, Interest & Premium Strategy Fund by 123.1% during the 4th quarter. Capstone Investment Advisors LLC now owns 526,672 shares of the investment management company’s stock valued at $6,652,000 after purchasing an additional 290,552 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Virtus Dividend, Interest & Premium Strategy Fund by 11.5% during the fourth quarter. Pathstone Holdings LLC now owns 1,882,886 shares of the investment management company’s stock valued at $23,819,000 after buying an additional 193,524 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Virtus Dividend, Interest & Premium Strategy Fund by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 680,697 shares of the investment management company’s stock worth $8,597,000 after buying an additional 159,410 shares in the last quarter.

About Virtus Dividend, Interest & Premium Strategy Fund

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC and NFJ Investment Group LLC. It invests in public equity markets of the United States.